Markets in tight trading range but tomorrow will be an interesting day. Oil slips again. Oracle reaches for the cloud with NetSuite. Alphabet (Google) crushes earnings. Amazon posts profits. Ford stalls out. Homeownership at lowest level in 50 years. Financial Review by Sinclair Noe for 07-28-2016 DOW – 15 = 18,456 SPX + 3 = 2170 NAS + 15 = 5154 10 Y un = 1.51% OIL – .82 = 41.10 GOLD – 5.10 = 1335.60   The Federal Reserve FOMC wrapped up their FOMC policy meeting yesterday, announcing no change in interest rates – no surprise there. The Fed’s statement said, “Near-term risks to the economic outlook have diminished”; a signal that the Fed is considering a rate hike in September, although it is doubtful they actually will hike rates in September. Traders cut their bets on a September Fed move from 20% just before the announcement to just 17%. Benchmark 10-year U.S. government bond yields fell back to 1.5%.   The dollar took its biggest tumble in almost two months and stocks were mixed as cautious sounds from the Fed left focus firmly on Japan’s next round of money-printing measures. The greenback was down 0.5% against six other major currencies. The yen notched its fourth rise in six days, as news that Tokyo had unveiled a $265 billion fiscal stimulus package left traders wondering how aggressive the Bank of Japan would be when it meets tomorrow. Costs to insure against dollar/yen swings hit their highest in 8 years. Tomorrow ...